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Search Results 0 to 49 of about 71 (some duplicates have been removed)
are really pretty slack, and for government to withdraw support from the economy as the tories have done since 2010 has really been a recipe for a double dip recession and sure enough we have got one. >> you actually have got an interesting case study, america is a much bigger economy than the uk but our two countries were dealing with the financial crisis more or less in the same way. >> yes. >> a new government came in, not just austerity but masochism that is being -- >> by each other --. there is masochism in the uk with respect to the economic, a collector austerity around europe which is related, a separate point. >> the uk laboratory has been used to test the thesis that by contracting government spending you presto expand private enterprise. it hasn't worked and that way we ended up with a simple national -- >> why is that? >> because the private sector is not spending, sitting on 750 billion pounds of cash and not investing, consumers have their wits frightened out of them, export markets are slack, prto, if all of the indicators are point manager the wrong direction you have n
for life, and until last july he was italy's minister of economy and finance. but he is not exactly a politician. as a respect economist considered be abo party politics he was chosen to form a new technocratic government. it put him at the center of the european debt crisis confronting rising interest rates that led to greece, ireland, and portugal to seek bailouts. his ability to turn calamity into opportunity has revived his nickname "super mario." i have pleased to have him here at this table for the first time. welcome. >> delighted to be here. >> rose: i see that you have said that you're not going to run for pri minister? >> no, i can confirm that i will not be a candidate. i believe i couldn't even be a candidate because, as you mentioned, i am senator for life. so candidates are candidates inn order to become members of parliament. >> rose: and you're senator for life. >> yes. >> rose: do you want to stay as prime minister? >> of course i will not. i will-- the whole government will have to resign when the elections take place, probably next-- after that, it will be for th
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
, caterpillar, bellweathers for the economy, it sends a weak signal about the economy. sooner or later, gravity will overwhelm the central bank easing. the question is, does it happen before or after the election? >>neil: we live in the moment and i do not dispute what you are saying. but i do say the barometer has been right 90 percent of the time. as the quarter goes before the election, so go the election for or against the incumbent. this are many other barometers that point in a variety different ways so this is one of them. it doesn't necessarily mean anything. i am wondering if what this is saying for president obama is that people are going to look at their financial statements, if they are lucky enough to have accounts and they are up, or they will look at their home values if they are lucky enough to have a home going up in value and they feel, on paper, some of this wealth affect we hear about. you dismiss that? >>guest: well, it is a good point that perhaps what this is telling us is that bernanke at the federal reserve is throwing the kitchen sink at this to stimulate it through th
's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion worth of tax increases. $10 billion worth of spending cuts gives you a 30 billion euro reduction they think in the budget deficit. bill: well on the spending cuts, how much resistance was there? >> there is going to be a lot of resistance. in france there is really a cradle to grave security system and the state is at the very center of the economy. when the state starts cutting into to spending, cutting down on spending, there will be some resistance and it will be seen on the streets. bill: do you expect the wealth
the fallout of the crisis threatens the u.s. economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists kind of took advantage of the situation, throwing gasoline bombs at police. they used a general strike and march as a vehicle to just rage against authority. over 50,000 people came out. they are processing the further cuts that are coming their way . many in greece are generally desperate now having seen their salaries drop by more than 20% already since austerity became a way of life in greece. social safety networks are not able to save people. one person at the demonstration was quoted as saying, we are bleeding, we can't take it any more. the new conservative-led co
. this administration seems to run that every morning. and the result is exactly what we see. this economy is starting to run downhill. housing is off. last report on new purchases, it's the lowest since 1982. growth is a little over 3% now. many people are predicting a recession. and the flow of imports into this country is swamping the american people. we've got to deal with this problem, and those of us who want to be your president should tell you now what we're going to do, so you can make a judgment. >> thank you very much. we must stop now. i want to give you time for your closing statements. it's indeed time for that from each of you. we will begin with president reagan. oh, i'm sorry, mr. reagan, you had your rebuttal, and i just cut you off because our time is going. you have a chance now for rebuttal before your closing statement. is that correct? >> no, i might as well just go with --- >> do you want to go with your --- >> i don't think so. i'm all confused now. >> technically, you did. i have little voices that come in my ear. [laughter] you don't get those same voices. i'm not hearing it
unlimited quantities of bonds from struggling eurozone economies, and his answer was interesting. "unfounded fears" was the term he used, five times no less, on financial markets about the eurozone, which had and that some eurozone members, he said, have been faced with borrowing costs that are simply unsustainable, as far as he sees it. he said the ecb had to act to return equilibrium to a successfully, says the markets have responded positively and realized that progress is being made in the eurozone. >> briefly, what about merkel's speech earlier? did she give the press and she has the answer to the eurozone debt crisis? >> the answer for angela merkel is more fiscal restraint. she did -- she feels europe's physical contact is the answer. it will impose new and very strict terms on national economies for budgetary restraint, but can it be enforced? that is the question merkel faces today. >> peter, thanks. german consumer confidence looks set to remain stable next month, despite concerns that an economic slowdown has begun. >> market research company gfk says germans are as willing to spe
for us to have good ties to russia to get up our economy again. we also tend to go for the way which saakashvili did. we want to go further towards european union and nato. >> thank you very much for that. staying in moscow, a russian court has postponed the punk band pussy riot's appeal after one of them fired her lawyer. they have been given nine days to find a new lawyer. the anti-kremlin trio have been sentenced to two years in jail on a number of charges including disturbing the peace. they staged a protest against vladimir putin earlier this year. >> the women from pussy riot came to the appeal hearing without any great expectations that they would be released, but what came next was surely a shock. one of the trio had decided to break with the defense team. >> i do not exactly know what has happened. we met of three women on friday. one of them confirmed we would continue to work together. something must have happened over the weekend. >> the lawyers believe someone may have pressured her to create discord between the women and their legal representatives. the others are stick
and they can't do anything other than use the central government to force the economy to do x and y. and they're trying to get away from that. as they move away from it, that part of the economy clearly shows some struggles. >> short the aussie dollar, what, long the mexican peso? >> mexico is one of the big winners because they're deliberately raising wages. so low value added chinese manufacturing is nowhere near as competitive in the world as it once was. you see evidence of the u.s. getting some of it back. so mexico sort of had its breakfast, lunch and dinner the past 20 years by china appearing on the scene is probably in the early stages of regaining some of that a. so i think mexico is a big winner. southeast asia, philippines, for example. >> all right. jim, stick around. more to come from you. let's get over to asia and get a wrap of the day over there. >> thanks, ross. asian markets were mostly higher buoyed by improved data in u.s. and europe and also the rba rate cut. surprising move from the central bank helped the australian market end at a five month high. resources and banks
romney offers a set of policy proposals which will grow the economy, of the port of poverty, all of the middle-class and provide jobs for the american people. >> republican candidate mitt romney want lower taxes and less government intervention. that's something this family agrees with, particularly when it comes to health care reform very >> health care is not our right in the sense we don't authorize the government to take for other people to provide the american people with health care. healthcare is a privilege. >> but this obama supporters sees a different america. he says the government is not giving people the help they need. >> health care is not a privilege. health-care is right. playing golf is a privilege. you don't have to play golf. >> he can afford to buy private insurance for themselves and his family, but as a presbyterian minister, he often crop -- often comes across people his lights have been turned upside down by the economic crisis. that's why a lot with most of the members of this parish council, he was to see president obama reelected. he wants to see more
that talk about it, if you cut the deficit, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a discipline over the next five years. first, et inseptemberives to inv we have to investgrowth. they have endorsed that approach because it offers the best growth to put america back to get the income rising. >> president bush. >> i disagree with mr. don't think it's fair to slap a 50 cent tax over the many years of the people that drive for a living and peop that go long distances. i don't think we need to it. i agree what talking getting the spending down and the discipline although i think we should exempt social security. he's talking tough medicine. i diith the tax and spend philosophy. i don't think we need to tax more and spend more and say that is going to make the problem better and i'm afraid that is what i'm hearinfrom governor clinton. what we need to do is some of what ross is talking about. control the growth of spending and get the taxes down. he mentioned ways to do it and ree with him. i've been talking about the cut, but they it's a ta
to change the mood. business confidence in the world's third biggest economy continues to take a hit. sentiment fell in the july to september quarter. this according to the central bank's survey. falling output and exports have taken a toll along with rising worries over strained relations with china. the one bright spot, the mood in the service sector which remains much higher. japan also has a new finance chief after noda reshuffled his cabinet. largely expected to stick to the reform plan. in all ten new faces were brought into the cabinet including the economics minister and he's been urging the bank of japan to take more action, as well, on the economy. ed rogers is ceo of rogers investment advisers and he joins us now. ed, was that one bright spot in the tank enough? >> good morning, ross. i think actually there were two bright spots. cap ex- is expected to rise at much higher rate than previously expected. those are good things. the fact that in the short term we have a bit of a down tick in enthusiasm and a lot of that could well be placed at the doorstep of the china and jap
the economy than the republican challenger. that's what we've got. that looks very good for the president. it's not over yet. connell: i doubt that he's up as much as it says in some of those states or that he will win in all of those states. >> i was going to say the numbers are pretty widespread and consistent. anything could happen in the next 40 days, but if i were the romney campaign, i would be very concerned about those numbers in ohio, pennsylvania, florida, michigan. they're very scary numbers for governor romney. connell: thank you senator. i was going to say he may not win ohio by 10 but the trend has been in his favor. thank you senator for joining us. >> thanks for having me. dagen: senator, thank you very much. unrest and protests happening over there, we can take a look at pictures coming out of greece today, more money flooding into our markets right here. joining us now is kevin flanagan chief fixed income strategist at morgan stanley wealth management. kevin of course i'm talking about u.s. treasuries, one of the safest assets you can find around the globe. do you think a ra
in adopting measures to react to the international economy. that is why the mexican chairmanship decided to work hard to build a much broader consensus. we brought to the process the largest number of countries possible and listen to all the sectors we could, to the unions, to businessmen, to specific organizations, to young people as we brought all of their proposals to the pleary of the g-20. we had many administrative meetings. we have managed to bring divergent positions closer together. this was crucial to insure that the g-20 that we held in los cabos would seek -- would achieve the significant progress. months prior to this, there was a doubt as that -- as to the viability of the euro as a single currency for european countries. at the meeting, we endorsed with the support of the rest of the group, we endorsed a robust commitment not only to the bureau as a monetary unit but also to financial, physical, and political unity of europe zone. zone we brought in commitments from the international financial community. and also the international monetary fund. among the most significant
to qe-3 because it won't help the economy. as far as bond yields are concerned, nudging ever close to the 5% mark in italy. we have got italy today with a bell auction. we'll get the results of that a little bit later. u.s. yields continue to fall back down lower at 1.46%. sterling/dollar is a little bit low. aussie/dollar is low. so the dollar having a good day apart from against the euro/dollar. starting to raise the gains we've made post the ecb out of the constitutional court. that's where we stand in european trade. what about in asia today? lisa has the details once again out of singapore. >> thanks, ross. the shanghai composite is not far from that all important 2,000 point mark. investors would have been much better off investing in greece instead of china. year to date stocks gained over 10% increase, but down about 9% in china on growth concerns and political uncertainties. today the shanghai composite was dragged down by resource and steel makers. property corps is down 1.2%. the hang seng physicaled suit. industrial resources and consumer goods weighed it down. the japa
the economy. when we announced qe-3, those were exactly the conversation we were having on the point, but still the market rallied and later on down the line, you rationalize it as the initial event wasn't so powerful. now we're doing exactly the same in europe. every time we go through this process. >> let's take an attendance call. volumes are still considerably low. today is a holiday. last week we had a significant holiday in the u.s. attendance is just low. there's not the kind of participation. so if you get something like that that spooks a few participants who actually are in the market, it's going to have a more profound effect and you'll see a percent and a half pullback. >> where do you stand on the notion that there's going to be a chase for performance in the fourth quarter and therefore will want to be in this market, putting sort of a floor underneath? >> that's a legitimate concern for people who aren't fully invested, but up to where they should be in terms of risk on with their portfolios. i do see there's considerable amount of risk to have that continue to push ag
with government -- >> we had a downturn in the economy. we of hard times, people looking for work and not able to find jobs. >> 65% of federal spending going to individual payments. it may not sound good, but we have created a welfare state. >> to blame it all on president obama is even worse. to declare the president of the united states is manipulating so people will stay and vote democrat? i think that is the most ridiculous thing i have ever heard. if such a cynical view of the presidency and of government. that cannot possibly reflect -- >> your response? >> i think a far better approach than a dependency is removing the barrier the federal government puts in place to small businesses and allowing entrepreneurs and small businesses to drive. >> what barriers? >> i am very happy to discuss the various. >> i wish she would. >> let him finish and make his point, then you can respond. >> what texans are looking for, and what is inherent in the east coast of texas, is that we are not looking for handouts. we're looking for the chance to the entrepreneur is, to work to achieve. think there have
the it should go down game. >> what if you're making a call on the real economy, x market. what would you be saying about the u.s. fortunes into q4? >> i still await a negative retail story that i don't have. china -- can china remain bad forever? that's a difficult question to see how long it can remain bad. >> good point. stuff on housing is good. the lead story in "the journal" today, trade slowing. slowing pmis in japan, china, europe -- >> how is this news? what news was there in that story about trade is slow? were they really that devoid of anything new? that's like, d.a. probes rackets. come on! >> meanwhile, busy week for new companies. one of the busiest weeks for ipos since july. and i think september, i just saw these numbers, the best september since '99. eight deals, $5.5 billion, best actual month since may. >> david bust ser coming back. my daughter was able to beat -- there's a claw that comes down -- my daughter got five straight. i'm glad dave & buster is coming back. >> anything worth anything? >> not more than two cents. >> and it costs 50 cents to play? >> i've dropp
. >> they are the ones who own the businesses and they are the ones who are putting the money back in the economy and providing the jobs so i believe you know that would be a better plan for us. >> woodruff: 24-year-old athletic trainer sarah abrams also voted for mr. obama. but this time around, she says she's undecided. >> i'm not sure yet. i'm still like you know like watching and basically researching so i'll make my decision soon. >> woodruff: o.s.u. senior krystina hollowell says she identifies with the republican party, but has more liberal views on social issues than candidate mitt romney. do you know how you are going to vote yet? >> no, to be honest, i really don't. i'm more of i like lean towards republican but then socially i'm romney is like very against like abortions and like birth control and that type of stuff for like women and same with like gay marriages. i'm more towards like obama's plan. >> woodruff: in fact, peter levine, director of the center for information and research on civic learning and engagement at tufts university says one set of issues that could hurt romney wi
for india-pakistan relations. it was not such a lousy year for elements of the pakistani economy. we focus on the most dynamic elements. they are not necessarily those that we use as partners after 2008. the most dynamic partners are business people, the media, and it is uneven, but some of the people in the universities. the women's groups, the ngo's. i am not trying to talk about this rosy, friendly, civil society, in a sense that those of us looked to civil society. it is infinitely more complex and more typical than the eurocentric notions would have it. but this is a part of pakistan, where if you talk to the pakistan is, who are furious with the united states -- if you talk to the pakistanis, we want the opportunity, and we want that kind of social link. it would help to build ties with the united states, and put a lot more of our concentration into society where the face of society is the face of your neighbor, the engineer who works in a ditch, the face of a student, the face of your child who has come to america, etc.. our focus on what pakistan is. i am not sure that is going to
Search Results 0 to 49 of about 71 (some duplicates have been removed)